Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, January 31, 2020

Article Excerpt

UNITED TECHNOLOGIES CORP., $150.20, New York symbol UTX, is our #1 Conservative Buy for 2020. This maker of aircraft equipment and other industrial products was our top Conservative pick for 2019 and it handed our readers a huge 31% gain. Even after that big jump, we feel it could go higher in 2020. United Technologies will soon merge with Raytheon Co. (New York symbol RTN), a leading maker of electronic systems for military aircraft and radar systems. It’s also the world largest maker of guided missiles. Under the terms of the deal, Raytheon shareholders will receive 2.3348 shares in the combined company for each share they hold. Those shareholders will own 43% of the new company—called Raytheon Technologies Corp. (New York symbol RTX); United Technologies investors will own the remaining 57%. The merger will let the combined firm cut $1 billion from its annual costs by the end of the fourth year. The bigger company will also be in a better position to compete…